2024 Q4 Form 10-Q Financial Statement

#000095017024124572 Filed on November 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $12.86M
YoY Change 83.18%
% of Gross Profit
Research & Development $92.80M
YoY Change 67.96%
% of Gross Profit
Depreciation & Amortization $400.0K
YoY Change 0.0%
% of Gross Profit
Operating Expenses $105.7M
YoY Change 69.67%
Operating Profit -$105.7M
YoY Change 69.67%
Interest Expense $9.276M
YoY Change 323.56%
% of Operating Profit
Other Income/Expense, Net $8.534M
YoY Change 313.67%
Pretax Income -$97.13M
YoY Change 61.31%
Income Tax
% Of Pretax Income
Net Earnings -$97.13M
YoY Change 61.31%
Net Earnings / Revenue
Basic Earnings Per Share -$0.96
Diluted Earnings Per Share -$0.96
COMMON SHARES
Basic Shares Outstanding 101.8M 100.4M
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $723.7M
YoY Change 358.54%
Cash & Equivalents $532.2M
Short-Term Investments $191.5M
Other Short-Term Assets $12.72M
YoY Change 22.27%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $736.4M
YoY Change 337.76%
LONG-TERM ASSETS
Property, Plant & Equipment $4.896M
YoY Change -4.23%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.937M
YoY Change -15.78%
Total Long-Term Assets $32.45M
YoY Change -12.35%
TOTAL ASSETS
Total Short-Term Assets $736.4M
Total Long-Term Assets $32.45M
Total Assets $768.8M
YoY Change 274.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.157M
YoY Change 73.29%
Accrued Expenses $37.10M
YoY Change 42.16%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $43.26M
YoY Change 45.7%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $20.04M
YoY Change -14.71%
Total Long-Term Liabilities $20.04M
YoY Change -14.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $43.26M
Total Long-Term Liabilities $20.04M
Total Liabilities $63.30M
YoY Change 18.98%
SHAREHOLDERS EQUITY
Retained Earnings -$860.4M
YoY Change 52.05%
Common Stock $10.00K
YoY Change 66.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $705.5M
YoY Change
Total Liabilities & Shareholders Equity $768.8M
YoY Change 274.6%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$97.13M
YoY Change 61.31%
Depreciation, Depletion And Amortization $400.0K
YoY Change 0.0%
Cash From Operating Activities -$74.63M
YoY Change 47.49%
INVESTING ACTIVITIES
Capital Expenditures $253.0K
YoY Change 48.82%
Acquisitions
YoY Change
Other Investing Activities -$19.15M
YoY Change -247.42%
Cash From Investing Activities -$19.40M
YoY Change -251.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 18.01M
YoY Change 3815.0%
NET CHANGE
Cash From Operating Activities -74.63M
Cash From Investing Activities -19.40M
Cash From Financing Activities 18.01M
Net Change In Cash -76.02M
YoY Change 103.76%
FREE CASH FLOW
Cash From Operating Activities -$74.63M
Capital Expenditures $253.0K
Free Cash Flow -$74.88M
YoY Change 47.49%

Facts In Submission

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CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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dei Entity Incorporation Date Of Incorporation
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us-gaap Dividends Common Stock Paidinkind
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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10.48
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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us-gaap Stock Issued During Period Shares Stock Options Exercised
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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P6Y1M6D
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CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
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CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
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149870000
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8000000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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CY2024Q3 us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14242000

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